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Prospect Capital: Fiscal 4Q Earnings Snapshot

NEW YORK (AP) _ Prospect Capital Corp. (PSEC) on Tuesday reported fiscal fourth-quarter net income of $38.9 million.

The New York-based company said it had net income of 11 cents per share. Earnings, adjusted for investment costs, came to 19 cents per share.

The business development company posted revenue of $164.4 million in the period.

For the year, the company reported profit of $144.5 million, or 39 cents per share. Revenue was reported as $703.8 million.

Prospect Capital shares have increased almost 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.60, a fall of 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSEC at https://www.zacks.com/ap/PSEC